Tokyo, Japan - September 9, 2022
Yokogawa Digital Corporation, a subsidiary of Yokogawa Electric Corporation, announces that it has signed investment and business collaboration agreements with LTS Corporation (LTS), a Tokyo-based provider of consulting, business process management, and digital utilization services.
Yokogawa Digital was established in July of this year with the mission of globally optimizing manufacturing enterprises through digital transformation (DX)*. The company will leverage Yokogawa's superior operational technology (OT) and OT/IT integration knowhow to deliver management consulting services together with cloud-based system implementation, operation, and maintenance. The company will start operating on October 1 and will initially provide its services to customers in Japan together with Yokogawa Solution Service Corporation.
LTS was established in 2002 and was listed on the Tokyo Stock Exchange in 2017. With its growing force of frontline consultants and IT engineers, the company not only advises on the planning and design of strategies, structures, and systems, but also builds and implements the environments needed to ensure a cycle of continuous improvement and transformation.
Through this tie-up, Yokogawa Digital will leverage LTS's extensive IT expertise and human resources to accelerate its rollout of DX consulting services to manufacturing industries in Japan and overseas. Also, the company will utilize the IT human resource matching platform operated by the LTS Group to not only secure people with relevant skills for projects, but also to hire and develop professionals with expertise in management/operations consulting and digital technology in collaboration with LTS. By increasing personnel that are familiar with both OT and IT, and thus enhancing its capability to provide a continuous range of services covering strategic planning and operational transformation through to IT/OT implementation, Yokogawa Digital aims to deliver even greater value to customers.
Outline of LTS, Inc.
- Location: Tokyo, Japan
- CEO: Hiroaki Kabashima
- Established: March 2002
- Listed market: Tokyo Stock Exchange
- Capital: 575,150,600 yen (as of June 30, 2022)
- Consolidated net sales: 7,375 million yen (year ending December 2021)
- Main business: Consulting, business process management, digital utilization
- Website: https://lt-s.jp/en/
Number of LTS shares held by Yokogawa Digital after share allocation: 143,000 (3.3% of all issued shares)
* Yokogawa Digital Corporation Established to Support DX in Manufacturing
Yokogawa provides advanced solutions in the areas of measurement, control, and information to customers across a broad range of industries, including energy, chemicals, materials, pharmaceuticals, and food. Yokogawa addresses customer issues regarding the optimization of production, assets, and the supply chain with the effective application of digital technologies, enabling the transition to autonomous operations. Founded in Tokyo in 1915, Yokogawa continues to work toward a sustainable society through its 17,000+ employees in a global network of 122 companies spanning 61 countries. For more information, visit www.yokogawa.com
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